Thursday, July 27, 2006

Markets Close Lower As Oil Rises

Rising oil prices and uncertainty over tomorrow's GDP report sent the makets to a lower close with the Dow slipping 2 points to 11,100 while Nasdaq dropped 16 points to 2,054. S&P 500 lost 5 points to 1,263. The 30-year bond eased as the yield rose to 5.111%.

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